Financing my children’s wedding

With the average Australian wedding costing over $65,000, this can have a huge impact on a family’s financial future. Many parents are burdened by societal pressure and expectations, which compels them to go beyond their means, leaving them short for their own retirement plans and other financial goals.
Many parents take huge loans for their child’s marriage and spend the rest of their lives repaying it. The marriage gets over in a day or two, but not the loan, which takes a long time to repay.
So what can you afford to contribute to your children’s wedding day? Don’t offer what you don’t have, and don’t dip into your retirement savings.
Do you need to start saving now? The earlier you start saving and investing, the easier it will be to meet your savings goal.